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REGISTERED NUMBER: SC332039 (Scotland)












Financial Statements for the Year Ended 30 September 2023

for

GREEN WELL ENGINEERING SERVICES LTD

GREEN WELL ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC332039)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN WELL ENGINEERING SERVICES LTD

Company Information
for the Year Ended 30 September 2023







DIRECTOR: AM Green





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC332039 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

GREEN WELL ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC332039)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 594 792
Investments 5 516,420 576,913
517,014 577,705

CURRENT ASSETS
Debtors 6 75 72
Cash at bank 51,137 34,952
51,212 35,024
CREDITORS
Amounts falling due within one year 7 18,255 18,234
NET CURRENT ASSETS 32,957 16,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,971

594,495

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 549,970 594,494
SHAREHOLDERS' FUNDS 549,971 594,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GREEN WELL ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC332039)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





AM Green - Director


GREEN WELL ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC332039)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Green Well Engineering Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GREEN WELL ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC332039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2022
and 30 September 2023 1,102
DEPRECIATION
At 1 October 2022 310
Charge for year 198
At 30 September 2023 508
NET BOOK VALUE
At 30 September 2023 594
At 30 September 2022 792

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Cost Valuation b/f 576,913 601,723
Additions - 14,713
Disposal (60,493 ) (39,523 )
516,420 576,913

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 75 72

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 121 132
Other creditors 18,134 18,102
18,255 18,234

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2022 - £40,000) were paid to the director .

GREEN WELL ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC332039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. RELATED PARTY DISCLOSURES - continued

The company was under the control of the director, AM Green, throughout the current and previous year.

During the year the director advanced the company net amounts totalling £312. As at 30 September 2023 included within other creditors is a balance outstanding due to the director of £17,234 (2022 - £16,922). No interest has been paid on this loan.